System integrators, not only supporting, servicing, and integrating your products but potentially tens of others.

Now, we basically have to change our views slightly.

Or if the DVD has special features.

But also to those who clean and organize the whole thing.

In the private sector, when you squeeze that kind of additional value out of a fixed cost investment, it's called a billion dollar company.

A country that leads the world in educating its people.

It's indigenous to China and the Far East, but given that the prevalence of malaria is here in Africa,

Its capital city is Lucknow, known as The City of Nawabs.

A spilled Latte Macchiato is not a Latte Macchiato.

So each portion of this channel is adding higher and higher value.

There is the maker's serial number.

It is the tax for a society built on dependency.

So I think we have to change metaphors.

Without a doubt in my mind,

It misses over 30 percent of all pancreatic cancers.

If an amount of money is taxed like this

And as we go up this curve, we're seeing higher value added at each step.

Our team has lately found such snowballing energy savings in more than 30 billion dollars worth of industrial redesigns everything from data centers and chip fabs to mines and refineries.

And this value, this is called a well in general, whenever you're valuing anything, it's called a valuation.

The product carries a high price tag.

This is what the DlY and maker movements really look like.

(Applause)

I came in to become the head of Open Government, to take the values and the practices of transparency, participation and collaboration, and instill them into the way that we work, to open up government, to work with people.

The consumer is demanding it.

What's also interesting, if you look at products that have a high component of what you might call messaging value, a high component of intangible value, versus their intrinsic value

It involves limited raw materials.

LOLcats is communal value.

And it has no VAT.

The upper right hand corner is where you want to be.

This company manufactures computer chips.

(Laughter)

Vendor

Anyway, this is, I think, just the big picture investment adds value to society.

Web Telesales, almost no value added. Retail maybe adds a little support.

It's worth 5 million.

Heparin a blood thinner, a pharmaceutical product starts out in artisanal workshops

How much value is the channel adding?

If there is no receipt, a higher end tax could be avoided.

Stocks hit a new high.

When you have a patent, you can exclude anyone else from making, from producing or making

They can produce the same goods at a far lower cost.

And, if we look at their next rev, the things in red are the changes.

Amazon makes a great business because in fact they could do 1 day delivery or they could do 2 day Premier Service.

She hired seemingly unemployable men and women to care for the bees, harvest the honey and make value added products that they marketed themselves, and that were later sold at Whole Foods.

It will make longer lasting products.